Stock Analysis on Net

Linde plc (NASDAQ:LIN)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Linde plc, income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Merchant
On-Site
Packaged Gas
Other
Sales

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Overall Sales Trend
The total sales exhibited a consistent upward trajectory from 2020 to 2022, increasing from $27,243 million to $33,364 million. However, there was a slight decline in 2023 to $32,854 million, followed by a minor recovery in 2024 to $33,005 million. This indicates a period of growth followed by relative stabilization in recent years.
Merchant Segment
The merchant segment demonstrated steady growth over the five-year period. Revenues increased from $6,859 million in 2020 to $9,778 million in 2024. Notably, the growth rate was more pronounced during the earlier years, with a gradual slowdown observed in the last two years.
On-Site Segment
The on-site segment showed a strong increase from 2020 ($5,916 million) to 2022 ($8,934 million). However, there was a noticeable contraction in 2023, with revenues falling to $7,825 million, and a further decrease in 2024 to $7,656 million. This downward trend in the last two years suggests challenges or market changes affecting this segment.
Packaged Gas Segment
Revenues in the packaged gas segment grew steadily from $9,790 million in 2020 to a peak of $11,654 million in 2023. There was a slight dip in 2024, with sales reducing marginally to $11,623 million. The segment overall shows resilience and consistent expansion with minor recent adjustments.
Other Segment
The "Other" category revenues fluctuated over the period. Starting at $4,678 million in 2020, it experienced a modest increase in 2021 to $5,037 million, followed by a decline in 2022 to $4,868 million. The segment witnessed a more pronounced drop in 2023 to $3,772 million but recovered somewhat in 2024 to $3,948 million. This segment appears more volatile compared to others.